indeed it was just daly's word on the 80% retention and the 600 new sth's (arguably, actually pretty decent #'s, all said), not even anything in writing let alone a speradsheet. yes, of course, glendale was governed by foolish ostriches and the nhl took advantage of that.

... can i clarify something? the one set of circulating letters from the nhl to glendale that itemized monthly operating losses in 2010-11 and which totaled $24.8M contained no details. do you know if a) the nhl was required under the 10-11 amf to provide those details (ie., an actual operational accounting) and b) if so, was the nhl required to provide it (ie., over and above the simple, "we lost this much this month" letters) or was glendale under an obligation to actually ask for that accounting?

It totalled approx $36 million. $24.8 was the amount withdrawn from the escrow account.